Q2 Holdings, Inc. (QTWO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2025)
QTWO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
QTWO Revenue Analysis (2014–2025)
As of March 1, 2026, Q2 Holdings, Inc. (QTWO) generated trailing twelve-month (TTM) revenue of $769.6 million, reflecting strong growth of +15.2% year-over-year. The most recent quarter (Q3 2025) recorded $201.7 million in revenue, up 3.4% sequentially.
Looking at the longer-term picture, QTWO's 5-year compound annual growth rate (CAGR) stands at +14.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $794.8 million in 2025, representing a new all-time high.
Revenue diversification analysis shows QTWO's business is primarily driven by Subscriptions (82%), Product and Service, Other (10%), and Transactional Services (9%). With over half of revenue concentrated in Subscriptions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including INTU (+17.2% YoY), FICO (+16.2% YoY), and SSNC (+6.7% YoY), QTWO has underperformed the peer group in terms of revenue growth. Compare QTWO vs INTU →
Peer Comparison
Compare QTWO's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| QTWOCurrent | $770M | +15.2% | +14.6% | 5.0% | |
| INTU | $18.8B | +17.2% | +19.7% | 26.1% | |
| FICO | $2.0B | +16.2% | +9.0% | 46.5% | |
| SSNC | $6.3B | +6.7% | +6.1% | 22.9% | |
| GWRE | $1.2B | +22.8% | +10.1% | 3.4% | |
| FRGE | $79M | +16.4% | +27.0% | -103.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $794.8M | +14.1% | $429.7M | 54.1% | $39.9M | 5.0% |
| 2024 | $696.5M | +11.5% | $354.5M | 50.9% | $-42,263,000 | -6.1% |
| 2023 | $624.6M | +10.4% | $302.7M | 48.5% | $-86,057,000 | -13.8% |
| 2022 | $565.7M | +13.4% | $256.3M | 45.3% | $-104,761,000 | -18.5% |
| 2021 | $498.7M | +23.8% | $225.0M | 45.1% | $-77,995,000 | -15.6% |
| 2020 | $402.8M | +27.7% | $174.6M | 43.4% | $-99,833,000 | -24.8% |
| 2019 | $315.5M | +30.9% | $153.0M | 48.5% | $-50,719,000 | -16.1% |
| 2018 | $241.1M | +24.3% | $119.2M | 49.5% | $-31,850,000 | -13.2% |
| 2017 | $194.0M | +29.1% | $94.5M | 48.7% | $-26,907,000 | -13.9% |
| 2016 | $150.2M | +38.0% | $72.8M | 48.5% | $-35,718,000 | -23.8% |
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Start ComparisonFrequently Asked Questions
Is QTWO's revenue growth accelerating or slowing?
QTWO revenue is accelerating at +15.2% year-over-year, exceeding the 5-year CAGR of +14.6%. TTM revenue reached $770M. Growth momentum has increased versus prior periods.
What is QTWO's long-term revenue growth rate?
Q2 Holdings, Inc.'s 5-year revenue CAGR of +14.6% reflects the sustained expansion pattern. Current YoY growth of +15.2% is above this long-term average.
How is QTWO's revenue distributed by segment?
QTWO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.